US, India sign pact for developing 3 smart cities in country

Image
Press Trust of India New Delhi
Last Updated : Jan 25 2015 | 9:35 PM IST
India today signed three agreements with the US for developing smart cities in Ajmer, Allahabad and Visakhapatnam, with the governemnt saying that the agreements would make significant contribution to building such cities in the country.
The agreements were signed by the United States Trade and Development Agency (USTDA) with state governments of Uttar Pradesh, Rajasthan and Andhra Pradesh in the presence of Union Urban Development Minister M Venkaiah Naidu.
Speaking on the occasion, Naidu observed that India-US cooperation has acquired a new dimension with the signing of the MoUs which will make significant contribution to building smart cities.
USTDA will contribute funds for necessary feasibility studies and pilots, study tours, workshops or trainings and other projects to be mutually determined. It will invite smart solutions for smart cities reverse trade mission delegation to the US, with delegates from the three states and will fund advisory services to support the development of smart cities.
It will collaborate with other US government agencies like Department of Commerce, US Export-Import Bank and other trade and economic agencies and promote greater US-India infrastructure development cooperation and to support development of smart cities.
The agency will enable US industry organisations to mobilise private sector expertise and resources to address important aviation and energy-related infrastructure connected to development of smart cities.
The MoUs were signed by USTDA Director Leocardia I Zak and respective chief secretaries of Uttar Pradesh, Rajasthan and Andhra Pradesh, Alok Ranjan, C S Ranjan and I V R Krishna Rao.
Under the MoUs that came into effect today, the respective state governments will provide resources in support, coordination and facilitation of development of smart cities including technical information and data related to smart cities planning, staff, logistical and travel support.
The agreements referred to the US-India Joint Statement of September 30 last year related to the first bilateral summit meeting between President Barack Obama and Prime Minister Narendra Modi in which the US welcomed India's offer for US industry to be the lead partner in developing smart cities in Allahabad, Ajmer and Visakhapatnam.
The Narendra Modi government has planned to develop 100 smart cities in the country.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 25 2015 | 9:35 PM IST

Next Story